by Paula Arend Lear
SAO PAULO (Reuters) – Given the absence of Wall Street benchmarks for the holidays in the United States, Ibovespa retreated on Monday, with Petrobras and banks being among the biggest downside pressure, in a session that records low liquidity. .
At 10:57 am, Ibovespa fell 0.61% to close at 126,843.69. The financial volume totaled 3.3 billion reais.
In the view of Newton Rosa, chief economist at Suamerica Investments, concerns prevail about the proposal for income tax reform and the political noise generated by the CPI of Covid, without reference to New York.
For weeks, he said discussions about a stimulus reduction in the US economy would remain on the radar, with agendas in the next business session, including the minutes of the Federal Reserve meeting in June.
Last month, US BC brought its projections for interest rate hikes into 2023 for the first time since the pandemic and began discussions about when it might be appropriate to start reducing its monthly asset purchases.
“The improvement in employment shown by June payrolls and continued inflationary pressures reinforce concerns about when the Fed will begin to ease monetary housing,” Rosa said.
– Petrobras PN lost 1.9% and Petrobras gave 1.6%, even in a session of positive turnaround in oil futures contracts overseas.
– Against the background of concerns about the effects of the proposed measures in the second phase of tax reform, Bradesco PN fell 1.5% and ITAU Unibanco PN lost 1.2%.
– VALE ON showed a negative variation of 0.1%, even with a jump in prices of iron ore futures contracts in China, while steel stocks outperformed, with CSN ON rising 2.15%.
– BRMALLS appreciated 2.5% in the recovery session, weighing on the sector, after a relevant drop since the tax changes were announced last month. MULTIPLAN ON ADVANCED grew 1.9% and IGUATEMI ON 0.8%.
– LOCAWEB ON retreated 1.9%, with shares of technology-related companies in the red, such as TOTVS ON, falling 1.6%.
– GRENDENE ON, which is not on Ibovespa, increased 1%, following the announcement of an agreement with 3G Radar, the manager for a joint venture for the distribution and marketing of the products of the owner of the Melissa and Ipanema brands abroad.